Alice

Active#11 in Brazil

Estimated valuation · Health insurance · Brazil

Operates a tech-enabled health insurance plan in São Paulo that combines primary care teams, digital services and a curated provider network for companies and their employees.

Healthtech›health insurance alice.com.br

Founded2019

HQSão Paulo

RaisedBRL 1bn+

Last roundSeries C (incl. extension) · Feb 2025

Country of originBrazilListed in the Brazil ranking

Where would you invest?BrazilJurisdiction as cited by the ranking

Estimated valuation

AI · Brazil ranking

≈ USD 770MUSD 620–960M · Hundreds of M$

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Hectocorn

Anchor: Last known equity round: Series C (incl. extension) · USD 149M · Feb 2025
AI adjustment: None

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
Brazil · all sectors	Top 50	#11	Edition 0 · October 2026	6 Jan 2027

Rank historyOct 2026 · #11First edition: no movements yet.

Funding history

BRL 1bn+ raised in total

Date	Round	Amount	Type	Investors
Feb 2025	Series C (incl. extension)	USD 150M	Equity	SoftBank, Kaszek, ThornTree, Canary, Globo Ventures

Rounds as cited by Uback’s rankings. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

By industry professionals & analysts

Industry professionals and financial analysts can publish their own analysis of Alice as a PDF. It must answer at least one of these four questions, and stick to them:

AI valuation: $770MUndervalued or overvalued?

Versus competitorsHow does it compare?

Who should acquire itStrategic buyers, and why

Who should it acquireAcquisition targets, and why

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Analyses are the opinion of their authors, not of Uback. They are checked before publication.

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Back Alice whether or not it has agreed: your intention joins the pool on Alice, passed to the Fundraising Desk of its country once it reaches critical mass. Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale.

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What the AI reads

Read by the AI at the next edition.

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Full Brazil ranking →

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Last updated: Oct 2026Report an error

Uback is a content publisher and an aggregator of non-binding expressions of interest. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.